Danica Pension Livsforsikringsaktieselskab Purchases Shares of 33,761 Quanta Services, Inc. $PWR

Danica Pension Livsforsikringsaktieselskab purchased a new stake in Quanta Services, Inc. (NYSE:PWR) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 33,761 shares of the construction company’s stock, valued at approximately $13,991,000.

Other large investors have also made changes to their positions in the company. Activest Wealth Management increased its position in Quanta Services by 94.1% in the 3rd quarter. Activest Wealth Management now owns 66 shares of the construction company’s stock worth $27,000 after buying an additional 32 shares during the period. Darwin Wealth Management LLC bought a new stake in shares of Quanta Services in the second quarter valued at approximately $26,000. Cornerstone Planning Group LLC grew its stake in shares of Quanta Services by 213.0% in the third quarter. Cornerstone Planning Group LLC now owns 72 shares of the construction company’s stock worth $30,000 after acquiring an additional 49 shares during the last quarter. Texas Capital Bancshares Inc TX bought a new position in Quanta Services during the third quarter worth $38,000. Finally, GPS Wealth Strategies Group LLC acquired a new position in Quanta Services during the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 90.49% of the company’s stock.

Quanta Services Price Performance

NYSE:PWR opened at $571.87 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.09 and a current ratio of 1.14. The company has a 50-day moving average of $509.72 and a 200-day moving average of $456.10. Quanta Services, Inc. has a 52 week low of $227.08 and a 52 week high of $578.40. The company has a market capitalization of $85.56 billion, a price-to-earnings ratio of 84.10, a PEG ratio of 2.61 and a beta of 1.10.

Quanta Services (NYSE:PWR) last posted its earnings results on Thursday, February 19th. The construction company reported $3.16 earnings per share for the quarter, beating analysts’ consensus estimates of $3.02 by $0.14. The business had revenue of $7.84 billion for the quarter, compared to analysts’ expectations of $7.38 billion. Quanta Services had a net margin of 3.61% and a return on equity of 18.10%. The firm’s revenue for the quarter was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.94 earnings per share. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on PWR shares. DA Davidson raised their price target on shares of Quanta Services from $450.00 to $575.00 and gave the stock a “neutral” rating in a research report on Friday, February 20th. Robert W. Baird increased their target price on shares of Quanta Services from $490.00 to $606.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Citigroup lifted their target price on Quanta Services from $540.00 to $640.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Weiss Ratings raised Quanta Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Finally, The Goldman Sachs Group raised their price objective on Quanta Services from $495.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, February 24th. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Quanta Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $576.55.

Quanta Services Company Profile

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.